# How to create an ERC token without coding, explained

By [Untitled](https://paragraph.com/@0xc18a14ab530bcd1fc483b381c013b2d10fff101d) · 2023-02-18

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_While coins exist on their own blockchain, multiple tokens can be created on an existing chain saving the developer time and money._

At a foundational level, coins and tokens offer some similarities in representing value and enabling payment processing: coins can be swapped for tokens, with the reverse also holding true. Where differences become apparent is in their utility. Most cryptocurrency coins typically operate as a native coin on the blockchain as a store of value, while tokens typically exist for use on a [decentralized application](https://cointelegraph.com/defi-101/what-are-dapps-everything-there-is-to-know-about-decentralized-applications) (DApp). Since tokens are created on existing blockchains, many project tokens may exist within the same ecosystem, most of which can be migrated as needs change.

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*Originally published on [Untitled](https://paragraph.com/@0xc18a14ab530bcd1fc483b381c013b2d10fff101d/how-to-create-an-erc-token-without-coding-explained)*